S mall caps and blue chips lagged a generally down market Friday as the Russell 2000 and Dow Jones Industrial Average were responsible for most of the selling. Meanwhile the Nasdaq and S&P 500 tried to limit losses as Nvidia NVDA and Palantir PLTR continued to attract buyers on the stock market today.

Shares of hardware products and merchandising solutions provider Hillman (NASDAQ:HLMN) fell 3.6% in the afternoon session after the U.S. announced a new 35% tariff on all goods imported from Canada, set to begin on August 1.

S&P futures contracts dropped by 0.6% due to news of blanket tariffs of 15%-20% being considered by President Donald Trump on most trading partners, a significant jump from the current global baseline minimum rate of 10%.

Investors continued piling into risk assets while shrugging off worries around the latest in trade developments.

Nvidia shares continued to rise after the artificial intelligence chipmaker broke the $4 trillion market cap level. U.S. equities were lower at midday after President Donald Trump made more tariff announcements. The Dow Jones Industrial Average, S&P 500, and Nasdaq all declined.

Alcon Inc.’s ALC UNITY Vitreoretinal Cataract System (“VCS”) has recently received approval from Health Canada. UNITY VCS is the latest innovation from the Alcon Vision Suite — a portfolio of innovative products designed to help eye care professionals increase efficiency and deliver exceptional patient experiences.

US stocks close the day and week lower after Trump slaps Canada with a 35% tariff, escalating tensions. Bitcoin hit a new record high for a third day.